Vance Street’s Acquisition of National Filter Media

Kirkland & Ellis advised Vance Street Capital, while Paul Hastings advised Micronics in the transaction.

Vance Street Capital’s Micronics Engineered Filtration Group (“Micronics” or the “Company”), a global provider of aftermarket and OEM filtration equipment and consumables, announced the acquisition of National Filter Media (“NFM”). Vance Street closed its first single asset continuation fund – VSC Extended Value (EV) 1, LP (the “Fund”) – in conjunction with the transaction, extending the investment period to allow for the transformative acquisition and provide runway for integration and further growth.

Founded in 1983, Micronics is a global provider of aftermarket and OEM filtration equipment and consumables for use in mining, chemical, wastewater and various other industrial end markets. The company serves customers across the mining and mineral processing, energy and power generation, battery recycling, chemical manufacturing, pigments and dyes, food and beverage, steel and iron processing, aggregates, cement and asphalt, pharmaceutical and biotech, and water/wastewater treatment end markets.    

National Filter Media is one of the oldest and largest providers of air pollution control and liquid filtration products. The acquisition of NFM will expand Micronics’ portfolio of engineered filtration solutions to better serve its customer base with a combined footprint of 10 manufacturing, service, and office locations in North America and one in the United Kingdom. Vance Street and Micronics acquired NFM in a corporate carve out from Alsco Uniforms, 4th-generation, family-owned industrial conglomerate. 

Vance Street Capital is a middle-market private equity firm investing in highly engineered solutions businesses across the medical, life science, industrial, and aerospace & defense sectors.

The Kirkland team was led by investment funds partner Mark Boyagi (Picture), corporate partners Jonathan Benloulou and Cory Baird, and tax partner Alec Campbell.    

Involved fees earner: Cory Baird – Kirkland & Ellis; Jonathan Benloulou – Kirkland & Ellis; Mark Boyagi – Kirkland & Ellis; Alec Campbell – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Vance Street Capital LLC;